Expanding Manufacturing Capacity Fortis Solutions Group is investing $3.1 million to expand its Virginia Beach manufacturing facility, indicating increased production capacity and potential for higher volume orders in flexible packaging, labels, and custom printing solutions.
Strategic Acquisitions Recent acquisitions of Westcoastlabels, Digital Dogma Corp., and Identi Graphics demonstrate Fortis's emphasis on expanding its product portfolio and market reach, creating opportunities to cross-sell integrated packaging and label solutions to new and existing clients.
Leadership Enhancement The appointment of new key executives such as CEO Carlos Tapias and Chief Commercial Officer Steve Powers highlights a focus on strategic growth and customer engagement, presenting opportunities to establish relationships with decision-makers seeking innovative packaging solutions.
Focus on Innovation Fortis's capability in digital and flexographic printing, along with partnerships showcasing new films like Vivid(TM), signals a commitment to high-impact, tailored packaging solutions, making it an attractive partner for companies seeking customized and innovative labeling or packaging.
Industry Market Position With revenues ranging between $500 million to $1 billion and a broad client base across the US and Canada, Fortis is well-positioned in the competitive packaging industry, offering sales opportunities with mid to large-size companies that are aiming to enhance their packaging and labeling solutions.